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Strategic Thinking and Planning - Virtual Learning

Strategic Thinking and Planning - Virtual Learning

Why Attend

An organization without a strategy is like a ship without a rudder. How can organizations continue to provide exceptional value to stakeholders and customers if they are not clear on where they are heading and how they will get there? The answer is they can't. This is where the role of strategy becomes essential. Strategy is about setting ambitious goals, understanding the surrounding current and future environment and providing a sense of direction for the organization. In this course, we will cover the 7 steps of the strategy management process, starting with the 'thinking' components of strategy, moving into the 'planning' components and ending with 'execution'.

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Overview
Course Objectives

By the end of the course, participants will be able to:

  • Apply strategic thinking to analyze an organization’s current environment
  • Employ the strategic management process to best achieve the desired ambition
  • Choose strategies that create a sustainable competitive advantage for the organization
  • Determine strategic objectives, Key Performance Indicators (KPIs) and 'SMART' targets for the organization
Target Audience

All managers and senior professionals who are involved in influencing, formulating or supporting the long term planning and strategy of their department or organization, as well as those who are responsible for linking, measuring and improving the performance of the organization, including strategy or performance management professionals, balanced scorecard managers, business unit and department managers and business analysts.

Target Competencies
  • Strategic thinking
  • Strategic planning
  • Performance management
  • Results orientation
  • Critical thinking
Course Outline
  • Strategic thinking and planning
    • Strategy safari
    • The strategic management process
    • Strategic thinking versus strategic planning
    • Benefiting from strategic management
    • Analysis of the environment
      • Porter's 5 forces
      • Creating and capturing value
      • Conducting a SWOT analysis
      • Fundamentals of the PEDESTL framework
  • Vision, mission statements and values
    • Using vision and mission statements
    • Definition of vision statements
    • Formulating vision statements
    • Definition of mission statements
    • Formulating mission statements
    • Embracing organizational values
    • Communicating the vision, mission and values
  • Assessing strategic choices
    • Porter's generic competitive strategies
    • Value chain
    • Innovating in the industry value chain
    • Developing a competitive advantage
  • Strategic objectives, KPIs and targets
    • Ensuring strategic alignment in the organization
    • Developing effective strategic objectives
    • Using the Balanced Scorecard (BSC)
    • Using Key Performance Indicators (KPIs)
    • Characteristics of the right KPIs
    • Developing different types of KPIs
    • Setting SMART targets
Schedule & Fees
Per participant - 2022

USD 2250

Fees + VAT as applicable

Tax Registration Number: 100239834300003

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy
meirc training courses

2022 - Location & Date

24 - 28 Jul, 2022
Arabic
Virtual Learning
6 - 10 Nov, 2022
English
Virtual Learning
25 - 29 Dec, 2022
Arabic
Virtual Learning

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Face-to-Face Courses
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+966 56 918 5532
+966 56 918 5532
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